Turkey Luxury Residential Real Estate Market Trends: Growth, Share, Value, Size, and Analysis By 2030

As per MarkNtel The Turkey Luxury Residential Real Estate Market size was valued at around USD 61.19 billion in 2024 and is projected to reach USD 87 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.11% during the forecast period, i.e., 2025-30.

Turkey Luxury Residential Real Estate Market Systems Market Insights:

Turkey Luxury Residential Real Estate Market is expanding significantly due to improved infrastructure development and its advantageous location as a bridge connecting Europe and Asia. The demand for luxury real estate is rising due to improvements to the road and rail systems and projects like Istanbul Airport which make popular destinations like Antalya, Bodrum, and Istanbul more accessible. With this enhanced accessibility, high-end vacation homes along the Mediterranean and Aegean coasts are also in high demand due to the growth of tourism as scenic waterfront homes with expansive views are highly preferred. Over 49.21 million tourists visited Turkey in the year 2023, which potentially attracted affluent visitors to buy properties for vacation or as second homes. As a result, there is a lot of interest in Istanbul’s desirable regions such as; Nişantaşı, Bebek, and Levent.

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Turkey Luxury Residential Real Estate Market Systems Market Segmentation:

By Type

Flats- Market Size Forecast 2020-2030, USD Million
Condominiums - Market Size Forecast 2020-2030, USD Million
Penthouses- Market Size Forecast 2020-2030, USD Million
Townhouses- Market Size Forecast 2020-2030, USD Million
Villas Mansions- Market Size Forecast 2020-2030, USD Million
Others (Vacation Homes, Farm Houses, etc.) - Market Size Forecast 2020-2030, USD Million

By Furnishing

Fully Furnished- Market Size Forecast 2020-2030, USD Million
Semi-Furnished- Market Size Forecast 2020-2030, USD Million
By Configuration
1-2 Bedrooms (BHK)- Market Size Forecast 2020-2030, USD Million
3-4 Bedrooms (BHK)- Market Size Forecast 2020-2030, USD Million
5-6 Bedrooms (BHK)- Market Size Forecast 2020-2030, USD Million
7 Above Bedrooms (BHK)- Market Size Forecast 2020-2030, USD Million

By Size (sq. ft.)

Less than 5,000 sq. ft.- Market Size Forecast 2020-2030, USD Million
5,000 - 10,000 sq. ft.- Market Size Forecast 2020-2030, USD Million
10,000 – 15,000 sq. ft.- Market Size Forecast 2020-2030, USD Million
15,000 - 20,000 sq. ft.- Market Size Forecast 2020-2030, USD Million
Above 20,000 sq. ft.- Market Size Forecast 2020-2030, USD Million

By Price

1–5 (USD Millions) - Market Size Forecast 2020-2030, USD Million
6-10 (USD Millions) - Market Size Forecast 2020-2030, USD Million
11-20 (USD Millions) - Market Size Forecast 2020-2030, USD Million
21-50 (USD Millions) - Market Size Forecast 2020-2030, USD Million
51- 100 (USD Millions) - Market Size Forecast 2020-2030, USD Million
Above 100 (USD Millions) - Market Size Forecast 2020-2030, USD Million

Turkey Luxury Residential Real Estate Market Recent Development:

November 2024: ARTAS Avrupa Konutlari will unveil an upscale residential project in Sisli, Istanbul by June 2025, featuring architecturally timeless buildings, luxury amenities, and excellent transportation links, promising high property value appreciation and Turkish citizenship eligibility.
November 2024: the DAP YENI LEVENT project has announced to offer of 950 apartments by March 2025, lush green spaces, and luxury amenities, ensuring comfort, excellent city connectivity, and Turkish citizenship eligibility.

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Turkey Luxury Residential Real Estate Market Drivers:

Rising Demand for Second Homes by Affluent Buyers – The luxury residential real estate sector in the country is fueled to a larger extent by the growing popularity of the country as a second home destination for wealthy clients. Its rich culture and cost-effective real estate along with its favorable climate are perfect for people who are looking for vacation villas in scenic places like; Bodrum, Antalya, and Çeşme mainly from Europeans, Middle Easterners, and Asians. Turkey's government also supports the enactment of citizenships, whereby one becomes a Turkish citizen, by investing USD 400,000 or more in such properties as foreign buyers having a strong preference for their second houses in this area. In addition, there are greater numbers of millionaires and billionaires in the country where the count of UHNWIs, jumped by 9.7% in 2023. This boosts demand for eco-friendly, health-oriented living spaces with private gardens, pools, and spas that align with what a wealthy house buyer prefers in his second home. Moreover, the flexibility in working remotely has enabled them to live away from city centers and thus purchase second homes in quiet locations.

Report Highlights Essential Insights for Strategic Decision-Making

Detailed market size, share, and forecast analysis
• In-depth pricing trends and segment-wise cost evaluations
• Key industry strategies, including innovation, partnerships, and acquisitions
• Critical value chain analysis and stakeholder profiling
• Regional import-export market insights and trade flow assessment
• Thorough competitive benchmarking of top hearing aid manufacturers
• Identification of new growth opportunities and niche market segments
• Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the Turkey Luxury Residential Real Estate Market are:

Sotheby's International Realty Turkey
Luxury Property Turkey
Barnes Türkiye
Avrupa Konutlari
Ağaoğlu Group
Yeni Levent
Özyurtlar Holding
Eroğlu Real Estate
Emlak Konut
ISTHOMES Real Estate and others.

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Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

Define objectives and research design
Collect data through surveys and interviews
Analyze and validate data using reliable tools
Forecast trends and deliver actionable insights

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MarkNtel Advisors is a globally recognized market research firm offering comprehensive insights into the construction and mining sector, encompassing building management, construction materials, and construction technology equipment. We assist developers, equipment manufacturers, and infrastructure investors in understanding market trends, sustainability mandates, and technological disruptions. Leveraging our Competitive Intelligence services, we help organizations benchmark competitors, identify white spaces, and craft informed growth strategies for enduring success in the global construction landscape.

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